NZD/USD Projection for 2018

• Despite stock market selloff, New Zealand Dollar appreciated as US Dollar fell short
  
• NZD may look past upbeat domestic inflation data to focus on Fed speech next week
  
• Signs of a hawkish Fed may reignite gains in USD despite stock losses, hurting NZD
  

RBNZ inflation expectations, could further reduce those dovish monetary policy expectations. This would bolster the New Zealand Dollar and could make it more likely that the central bank begins slowly stepping away from a mixed outlook on where rates could go next. Any hints leading to this direction would be considered a relatively hawkish shift.